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. >> reporter: minority leader mitch mcconnell said republicans agreed to the measure rather than let the middle class suffer. >> we don't think taxes should be going up on anyone but we all knew that if we did nothing they would be going up on everyone today. we weren't going to let that happen. >> reporter: the house reconvenes today at noon and is expect to take up the measure at that -- expected to take up the measure at that time. >> law makers have to worry about the debt ceiling they have to keep in mind. today, the u.s. will reach the legal borrowing limit of 16.# trillion dollars. the treasury department is take measures to buy time until the end of february but after that they will not be able to pay off all the country's bills in the full on time. congress must vote to raise the debt ceiling setting the stage for another showdown coming on capitol hill. >>> couples have been waiting a lifetime for the day and today same sex couples can legally marry in the state of maryland. it was approved by voters back in november. and this morning, sherrie johnson is live at city hall w
. >> reporter: minority leader mitch mcconnell said republicans agreed to the measure rather than let the middle class suffer. >> we don't think taxes should be going up on anyone but we all knew that if we did nothing they would be going up on everyone today. we weren't going to let that happen. >> reporter: the house reconvenes today at noon and is expect to take up the measure at that -- expected to take up the measure at that time. >> law makers have to worry about...
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Dec 30, 2012
12/12
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mike, you just got new details 23r* mitch mcconnell. what are they? >> that's right. discussions have been taking place all day. both sides have been trading paper, ideas and that talks continue. we understand legislative staff will continue working into this evening. meanwhile, huer is a fair and balanced look at where things stand. >> i do think that something will happen over the next few days relative to the revenue piece. hopefully we can rescue most americans from a tax increase. but what we haven't dealt with again is the spending component. jay we just can't afford -- >> we just can't afford a politically self-inflicted wound to our economy. keeping it that way means folks you sent to washington have to do their jobs. the housing market is healing, but that could stall as folks are seeing smaller paychecks. >> with time running out, it sounds like conservatives may have to fight spending when raising the debt ceiling is the new fight in the new year. harris? >> mike, democrats say they know they need republican help to get this through. they are counting on a
mike, you just got new details 23r* mitch mcconnell. what are they? >> that's right. discussions have been taking place all day. both sides have been trading paper, ideas and that talks continue. we understand legislative staff will continue working into this evening. meanwhile, huer is a fair and balanced look at where things stand. >> i do think that something will happen over the next few days relative to the revenue piece. hopefully we can rescue most americans from a tax...
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Dec 28, 2012
12/12
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mitch mcconnell and harry reid have agreed to spend the next 24 hours to work a small plan to keep some taxes from going up. after the meeting, house democrat leader nancy pelosi told us she'sa at least a little encouraged. >> it was constructive. as i say, candor is constructive, and i think it moved us forward, but we'll see. >> reporter: it was the first meeting with the president and all the congressional leaders in six weeks. it follows an impasse that has shaken wall street, the dow down more than 400 points since talks stalled last week. and on main street, business owners like drew greenblatt, who owns a wire basket manufacturing company in baltimore, say the coming fiscal cliff is already causing pain because they just don't know what will happen to their taxes. >> right now we're doing our budget. we're deciding how many people we're hiring next year. we're figuring out how many robots and machines we'll invest. >> reporter: and across the country all the political bickering had people outraged with washington. >> i can't believe we've gotten this close. >> time for them to tu
mitch mcconnell and harry reid have agreed to spend the next 24 hours to work a small plan to keep some taxes from going up. after the meeting, house democrat leader nancy pelosi told us she'sa at least a little encouraged. >> it was constructive. as i say, candor is constructive, and i think it moved us forward, but we'll see. >> reporter: it was the first meeting with the president and all the congressional leaders in six weeks. it follows an impasse that has shaken wall street,...
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mike, you just got new details 23r* mitch mcconnell. what are they? >> that's right. discussions have been taking place all day. both sides have been trading paper, ideas and that talks continue. we understand legislative staff will continue working into this evening. meanwhile, huer is a fair and balanced look at where things stand. >> i do think that something will happen over the next few days relative to the revenue piece. hopefully we can rescue most americans from a tax increase. but what we haven't dealt with again is the spending component. jay we just can't afford -- >> we just can't afford a politically self-inflicted wound to our economy. keeping it that way means folks you sent to washington have to do their jobs. the housing market is healing, but that could stall as folks are seeing smaller paychecks. >> with time running out, it sounds like conservatives may have to fight spending when raising the debt ceiling is the new fight in the new year. harris? >> mike, democrats say they know they need republican help to get this through. they are counting on a
mike, you just got new details 23r* mitch mcconnell. what are they? >> that's right. discussions have been taking place all day. both sides have been trading paper, ideas and that talks continue. we understand legislative staff will continue working into this evening. meanwhile, huer is a fair and balanced look at where things stand. >> i do think that something will happen over the next few days relative to the revenue piece. hopefully we can rescue most americans from a tax...
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Dec 29, 2012
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mcconnell where he's able to succeed where congressman boehner was not, able to unify the republican party so they can take a vote so the senate and white house negotiate and. >> kelly. >> and to the point and avoid the fiscal cliff. >> kelly: but to mark's point, angela, senator mitch mcconnell is known for having good brinksmanship and getting it deal done. >> we're on the brink. >> that's what i said earlier in the interview, we're going to get a deal done, it's going to be because of mitch mcconnell and boehner working with the democrats that we don't go over the fiscal cliff, however, republicans are going to have to acquiesce, we will have some tax hikes, i think probably 750,000 and above i think that's the number, but what republicans are holding back the debt ceiling debate and cutti cutti cutting entitlement programs and they're going to use that later in the year. >> kelly: mark, the final word. >> if angela's prediction sort of come through-- and i hope it does, the republicans and senate negotiate, and republicans and congress will be responsible for the largest tax incr
mcconnell where he's able to succeed where congressman boehner was not, able to unify the republican party so they can take a vote so the senate and white house negotiate and. >> kelly. >> and to the point and avoid the fiscal cliff. >> kelly: but to mark's point, angela, senator mitch mcconnell is known for having good brinksmanship and getting it deal done. >> we're on the brink. >> that's what i said earlier in the interview, we're going to get a deal done, it's...
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Jan 1, 2013
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. >> reporter: the two people were senate republican leader mitch mcconnell and vice president joe biden who worked the phones late last night and early this morning after talks between mcconnell and majority leader harry reid stalled. >> discussions continued today on a plan to protect middle class families from the tax increase tomorrow. there are a number of issues on which the two sides are still apart, but negotiations are continuing as i speak. >> reporter: the agreement would set the threshold for extending the bush tax cuts at $400,000 for individuals and $450,000 for families. it would set the tax rate our income people at 39.6%, the rate under former president bill clinton. estates would be taxed at 40% above $5 million for individuals and $10 million for a married couple. unemployment benefits would be extended a year, as would the medicare doc fix and it would permanently fix the alternative minimum tax. a big concern for republicans is there are no new spending cuts. >> history has a way of repeating itself. somehow washington never gets the message and here we are 30 years
. >> reporter: the two people were senate republican leader mitch mcconnell and vice president joe biden who worked the phones late last night and early this morning after talks between mcconnell and majority leader harry reid stalled. >> discussions continued today on a plan to protect middle class families from the tax increase tomorrow. there are a number of issues on which the two sides are still apart, but negotiations are continuing as i speak. >> reporter: the agreement...
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while senate minority leader mitch mcconnell struck an optimistic tone, senate majority leader harry reid sounded cautious, warning americans whatever they come up with by sunday won't be perfect. after the meeting, president obama made it clear failure is not an option. >> if we don't see an agreement between the two leaders and the senate, i expect a beam to -- bill to go on the floor, and i have asked senator reid to do this, put a bill on the floor that taxes on the middle class families don't go up, that unemployment insurance is available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps we can take in the new year. >> reporter: if the congressional leaders don't reach a deal by december 31st, the financial markets could one is a bit and, consider this. the current congress is only in session until noon on january third. after that, 13 new senators and 82 new house members would take over and try to solve the problem and that is an overwhelming task out of the gate. back to you. >> thank you for. that. >>> we want
while senate minority leader mitch mcconnell struck an optimistic tone, senate majority leader harry reid sounded cautious, warning americans whatever they come up with by sunday won't be perfect. after the meeting, president obama made it clear failure is not an option. >> if we don't see an agreement between the two leaders and the senate, i expect a beam to -- bill to go on the floor, and i have asked senator reid to do this, put a bill on the floor that taxes on the middle class...
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senate majority leader harry reid and mitch mcconnell asked president obama and other congressional leaders to give them time to work on a compromise deal, recognizing time is running out. again today, the president emphasized the need for action. >> and congress can prehave not it from happening if they act now. leaders in congress are working on a way to prevent this tax hike on the middle class and i believe we may be able to reach an agreement that can pass both houses in time. >> we are told conversations are taking place. meanwhile, house republicans are due to meet tomorrow evening. it was originally scheduled for monday morning. it's not clear if they'll have the details of a deal, but the thinking seems to be getting everybody together sooner than later. >> kelly: i remember the president on friday saying that we've got to get this done and president obama, however, you go back to the campaign, had been campaigning on asking upper income americans pay more. how is that likely to play out right now? >> you're right. president obama made the argument that those making more than $250,
senate majority leader harry reid and mitch mcconnell asked president obama and other congressional leaders to give them time to work on a compromise deal, recognizing time is running out. again today, the president emphasized the need for action. >> and congress can prehave not it from happening if they act now. leaders in congress are working on a way to prevent this tax hike on the middle class and i believe we may be able to reach an agreement that can pass both houses in time....
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mitch mcconnell? >> that is spot on. this has been a lot of talk about senator mitch mcconnell's ability to be a deal maker. one area he's working on is the threshold for extending the bush tax cuts. the $250,000 mark has been what democrats have been pitching. negotiations seem to be heading toward keeping the current tax rate for those making up to $400,000, a key senate conservative sounds hopeful. >> i do think that something will happen over the next few days relative to the revenue piece and hopefully we can rescue most americans from a tax increase. but what we haven't dealt with again is the spending component. >> since it is not expected that increasing the nation's borrowing ability, the debt limit will be part of this deal, conservatives may be able to fight for spending cut when is that becomes a key issue in the new congress. gregg. >> arthel: if negotiations fail or lawmakers don't like a final deal, president obama wants to move forward with a plan c. what's in that? >> it would focus on three key areas. k
mitch mcconnell? >> that is spot on. this has been a lot of talk about senator mitch mcconnell's ability to be a deal maker. one area he's working on is the threshold for extending the bush tax cuts. the $250,000 mark has been what democrats have been pitching. negotiations seem to be heading toward keeping the current tax rate for those making up to $400,000, a key senate conservative sounds hopeful. >> i do think that something will happen over the next few days relative to the...
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mitch mcconnell (r-ky) / minority leaddr"...so it took an imperfect solution to prevent our onstituents from very real financial pain. but in my view, it was worth the effort..."(anchor tag) the republican-controlled &phouse is expected to begin consiiering tte bill latee today. a final vote s expected in the next day rr two, passage is not at all certain. in new york, patti ann browne, fox ews. pt's not just the iscal cliff... awmaaers also have ceiling.the u-s reacced it's 16-point-4 trillion dollars yesterday.the treasury departmmnt is taking measuues to buu ime until the end of februaryythey include... suspending someeinvestments in benefit funds for federal treasury will not be ble to pay all of the country's bills in full... and on time. &praising the debt ceiling... s fight on capital hhll. &in westmiister... a 78-year car crashed into carroll hiss hospital center. it happened about 8::5 monday morning. deputies sayythomas carl skipper junior. suffered a medical emergency and craahed his vehicle into the sleep center at the hospital. skipper was prrnounced dead at the hospital em
mitch mcconnell (r-ky) / minority leaddr"...so it took an imperfect solution to prevent our onstituents from very real financial pain. but in my view, it was worth the effort..."(anchor tag) the republican-controlled &phouse is expected to begin consiiering tte bill latee today. a final vote s expected in the next day rr two, passage is not at all certain. in new york, patti ann browne, fox ews. pt's not just the iscal cliff... awmaaers also have ceiling.the u-s reacced it's...
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Dec 31, 2012
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harry reid and mitch mcconnell. that seems to be what's happening, although vice president biden has stepped in because reid can't hold his group together. >> republican congressman of georgia, jack kingston. thank you for your time. >> thanks, chris. >>> president obama will be making a statement on the fiscal cliff moments from now at 1:30 eastern time. stay with us for live coverage of that. next, an update on secretary of state hillary clinton's health scare. >>> minutes from now medicine prez obama will make a statement about the state of the fiscal cliff negotiations. stay with us for live coverage of it. >>> meantime, secretary of state hillary clinton is under observation at new york -- at a new york city hospital today. her spokesman says she was admitted sunday for a blood clot stemming from the concussion she sustained during a recent bout with the stomach flu. nbc's chief science and health correspondent bob bazell is at new york presbyterian hospital where secretary clinton is being treated. bob, i know
harry reid and mitch mcconnell. that seems to be what's happening, although vice president biden has stepped in because reid can't hold his group together. >> republican congressman of georgia, jack kingston. thank you for your time. >> thanks, chris. >>> president obama will be making a statement on the fiscal cliff moments from now at 1:30 eastern time. stay with us for live coverage of that. next, an update on secretary of state hillary clinton's health scare....
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from the senate floor words of optimism from minority leader mitch mcconnell. >> we are engaged in discussions, the majority leader and myself in the white house in the hopes that we can come forward as early as sunday and have a recommendation. >> reporter: senate majority leader harry reid took a cautionary tone, perhaps to allay the fears of americans who are wondering how going off the cliff will affect their paychecks. analysts say taxes on people making between 50,000 and $75,000 a year will go up an average of $2400. >> whenever we come up -- whatever we come up is going to be imperfect. some people aren't going to like it, some people will like it less but that's where we are. i feel confident that we have an obligation to do the best we can and that was made very clear in the white house. >> reporter: president obama says it's important for congress to vote on some type of package before the fiscal cliff deadline expires. >> if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an upor
from the senate floor words of optimism from minority leader mitch mcconnell. >> we are engaged in discussions, the majority leader and myself in the white house in the hopes that we can come forward as early as sunday and have a recommendation. >> reporter: senate majority leader harry reid took a cautionary tone, perhaps to allay the fears of americans who are wondering how going off the cliff will affect their paychecks. analysts say taxes on people making between 50,000 and...
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we could hear from mitch mcconnel and harry reid. because no deal to avoid a fiscal cliff there is major uncertainty . investors are embracing for trading. dow plunge would 158 points on friday. it was the longest state of losses since july. there is a sell off over seas today to lock in profits. >> another major health scare for secretary of state hillary clinton. >> she was supposed to be back on the job this week. she is instead waking up in new york city hospital new york presbyterian. a blood clot in a follow-up exam. she was forced to cancel the hearing. lawmakers said a hillary clinton must testify before a vote can happen with senator john kerry. nine people are killed and two doysen are injured when a bus crashed off a highway. the bus was driving through a mountain pass. the bus plummled 200 feet down the slope. >> famous ball drop in sometimes square. beefing up security and thousands of extra chromes scattered in the crowd. trust me they are e top of unifs there will be bomb sniffing dogs commissioner ray kelly will said
we could hear from mitch mcconnel and harry reid. because no deal to avoid a fiscal cliff there is major uncertainty . investors are embracing for trading. dow plunge would 158 points on friday. it was the longest state of losses since july. there is a sell off over seas today to lock in profits. >> another major health scare for secretary of state hillary clinton. >> she was supposed to be back on the job this week. she is instead waking up in new york city hospital new york...
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to mitch mcconnell on the floor. he's been the closer on this. i'm going to go back to you, dana. he's not there quite yet. this is all in the hands of the senate at this point. you were talking about tom harkin. the it's something progressives hated, this idea of social security changes being on the table. they won on that. >> i have to tell you i'm having some audio problems but i think you asked about social security. so i'm going to go with that. that was a potential issue yesterday. it seems to have been resolved. republicans, we were told by democrats, this was a clear tactic to tell us about this. republicans had put that on the table. the idea of so-called chained cpi which would have an effect on social security recipients. republicans backed off on that after a meeting yesterday. that doesn't seem to be on the table. but forgive me, i thought mitch mcconnell was on the floor. the other thing i wanted to tell you about is mcconnell and the vice president have been in intense negotiations up until 12:45 in th
to mitch mcconnell on the floor. he's been the closer on this. i'm going to go back to you, dana. he's not there quite yet. this is all in the hands of the senate at this point. you were talking about tom harkin. the it's something progressives hated, this idea of social security changes being on the table. they won on that. >> i have to tell you i'm having some audio problems but i think you asked about social security. so i'm going to go with that. that was a potential issue yesterday....
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senate majority leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter in a republican-controlled house. now he is leaving it up to the two leaders in the u.s. senate try to reach a compromise. something perhaps along the line of what is being negotiated between the speaker and the president a couple of weeks ago. perhaps a tax increase for amounts of more than $400,000 or $500,000 per year. also, senate leaders want to include something on the estate tax, according to a white house official. we'll can also be key to this is that the white house officials are also telling fox news and ed henry that it appears as though the debt ceiling is not part of that. this is a huge nonstarter for republicans in the house. the
senate majority leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter in a republican-controlled house. now he is leaving it up to the two leaders...
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it is a big deal that mitch mcconnell is expected to be voting for in. will his rank and file go along. more importantly in the days ahead will the rank and file on the house republican caucus go along. finally tonight will we see the president -- we are not expecting to see him tonight since this is not done-done yet. more likely we will see him tomorrow, bret. >> bret: 20 seconds here, ed, before we take another break. but is it a loss for this white house that the debt ceiling part of this is not included? >> there is no doubt they wanted it included in here. they were fighting for are it. so it is is a loss in it that is sense but they will argue they won most of the other battles and they are willing to fight that one out in the days ahead although they believe that the republicans will pay a price if they turn it once again into a political football, bret. >> bret: and looks like it may just be heading right down that alley. ed henry live at the white house. we will be checking in again. vice president biden still meeting on capitol hill with senat
it is a big deal that mitch mcconnell is expected to be voting for in. will his rank and file go along. more importantly in the days ahead will the rank and file on the house republican caucus go along. finally tonight will we see the president -- we are not expecting to see him tonight since this is not done-done yet. more likely we will see him tomorrow, bret. >> bret: 20 seconds here, ed, before we take another break. but is it a loss for this white house that the debt ceiling part of...
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do we just wait for harry reid and mitch mcconnell to come up with something? when might we have more of these meetings? reporter: senate leaders will meet tonight. carrie reeder says he is suspendi regular business on the senate floor tomorrow so leadership can work on us. they are working on issues and have been for the last couple of days. at that point, sometime sunday morning, they will have to make a decision as whether they got enough vot for they have come up with something that can actually pass the hous and the senate. if that's the deal and they do reach some kd of skeleton or compromise that they can sell the democrats and republicans in the house and senate, they will begin that process once leadership is signed off. the time from then it's a little bit longer when you consider that the house has a rule that any bill must be posted online, it must be public for three days. the senate has a number of procedural hurdles. the senate is strange. you can get something done in unanimous consent, while, floor, walk off and its past -- or you can deal with
do we just wait for harry reid and mitch mcconnell to come up with something? when might we have more of these meetings? reporter: senate leaders will meet tonight. carrie reeder says he is suspendi regular business on the senate floor tomorrow so leadership can work on us. they are working on issues and have been for the last couple of days. at that point, sometime sunday morning, they will have to make a decision as whether they got enough vot for they have come up with something that can...
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when that fell apart, though, mitch mcconnell did step in. these are old-time senate folks who have been together, as you said, for a long time. i think they pride themselves as deal-makers in the end. i think they stepped in, biden was happy to do so. he likes to be involved. going forward, though, it is interesting because we're going to have another fight within a couple months on both the debt ceiling and the sequestration, the sequester cuts are going to come forward. they're going to have to figure out what to do, because it's only a delay. and so, you're going to have this happen again. so you might look to see what cue the white house sends by how involved vice president biden is going forward. >> well, steve, let's talk about that. the one big issue that was not dealt with are the spending cuts, simply put on hold for two months that, by the way, seems to be the timeline for the debt ceiling debate to heat up again. for all the things this bill deals with, how big a failure was it not to address the sequester? >> well, it clearly was
when that fell apart, though, mitch mcconnell did step in. these are old-time senate folks who have been together, as you said, for a long time. i think they pride themselves as deal-makers in the end. i think they stepped in, biden was happy to do so. he likes to be involved. going forward, though, it is interesting because we're going to have another fight within a couple months on both the debt ceiling and the sequestration, the sequester cuts are going to come forward. they're going to have...
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mitch mcconnell and his buddies worked on saturday. wow, wow, that's fantastic. >> it really -- it's touching, isn't it? just a little working weekend. a nice long christmas break. the house disappeared for the holidays after boehner's plan "b" failed. where is the sense of urgency? everyone is home at night and hopefully we're all putting our hopes on mcconnell and joe biden having a productive dinner, but by god, to your point, this has been going on for not just weeks or months, but years. and the fact that they're trying to cobble together some kind of patch to avoid the political pain and the economic pain more importantly to the country that's set to kick in tomorrow night at midnight is, frankly, pathetic, and it's a political problem, but it's an economic problem, and it's entirely self-created. when marshall blackburn was talking earlier and trying to blame the senate, look at the mirror. don't block at the other guy radio right now. you have to own this, and if particularly in the house of representatives because it's the rep
mitch mcconnell and his buddies worked on saturday. wow, wow, that's fantastic. >> it really -- it's touching, isn't it? just a little working weekend. a nice long christmas break. the house disappeared for the holidays after boehner's plan "b" failed. where is the sense of urgency? everyone is home at night and hopefully we're all putting our hopes on mcconnell and joe biden having a productive dinner, but by god, to your point, this has been going on for not just weeks or...
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mitch mcconnell is a tough place and this is the underreported part of the story. he has to figure out a deal that gets through the senate and doesn't make john boehner look too bad in the house and there are a lot of conservatives in the house that don't want to do any type of deal that would raise taxes on anybody even though they'll go up on the entire country the first tax hike in 20 years after monday night. >> and one would also assume that mitch mcconnell would have to back a grant, he could face a primary fight if this thing -- >> you touched on one of the great sub plots of these entire negotiations is personal things that boehner and mcconnell have in these negotiations. obviously, mcconnell doesn't want to have someone on the right come after him because he was in favor of a tax hike and john boehner's re-election as speaker of the house. and that would come across as a vote of no confidence. very embarrassing and they don't expect it happening and there's a lot at stake for mitch mcconnell and john boehner personally. great point you brought up. >> if t
mitch mcconnell is a tough place and this is the underreported part of the story. he has to figure out a deal that gets through the senate and doesn't make john boehner look too bad in the house and there are a lot of conservatives in the house that don't want to do any type of deal that would raise taxes on anybody even though they'll go up on the entire country the first tax hike in 20 years after monday night. >> and one would also assume that mitch mcconnell would have to back a...
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and then we saw mitch mcconnell coming up saying, yes, mr. president, you have been bashing us for weeks, let's vote on those tax rates. mitch mcconnell said let's do that and we'll leave the sequester aside. we'll let it kick into place. we'll tackle that whenever we get back here to washington after the inauguration and the state of the union and all that fun stuff. so that's where we stand right now. that does remain the last sticking point. >> luke, jump in here. what do you have to add that mike has already told us. >> well, mike viqueira is 12, 13 years of experience on capitol hill, so there's not much more to add after that. what i will say is i don't think that we can dismiss a lot of the anger on the republican side at the president's remarks today. i have gotten a ton of e-mails from republican aides saying the president is holding the middle class tax cuts that were agreed to hostage. i think if you take a step back, it's quite extraordinary that mitch mcconnell has agreed to $400,000 as a threshold. you think of all the partisan
and then we saw mitch mcconnell coming up saying, yes, mr. president, you have been bashing us for weeks, let's vote on those tax rates. mitch mcconnell said let's do that and we'll leave the sequester aside. we'll let it kick into place. we'll tackle that whenever we get back here to washington after the inauguration and the state of the union and all that fun stuff. so that's where we stand right now. that does remain the last sticking point. >> luke, jump in here. what do you have to...
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Dec 29, 2012
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we know mitch mcconnell is here. we assume harry reid is here and their staffs are going back and forth. i spoke to one aide who said don't expect for any details to leak tonight. they'll be closed-lipped about this because the idea if anything does leak out it gives more of an opportunity for folks on either party to kill a deal if they don't like what they hear. some sort of a agreement will be announced tomorrow when the house is back in session and the senate is back in session and they can go back to say hey, this is the best opportunity. as far as the likelihood of this kraig, things have not been going well and there's optimism here and there and things are fluid like kristen says and it will be the final deal, but what we do know is these folks on capitol hill are very mindful of the damage that can be done to the economy if nothing is brief. we've had five down days in the stock market and we're preparing the country on tuesday for the first tax increase in 20 years, and i think finally at the end, that's st
we know mitch mcconnell is here. we assume harry reid is here and their staffs are going back and forth. i spoke to one aide who said don't expect for any details to leak tonight. they'll be closed-lipped about this because the idea if anything does leak out it gives more of an opportunity for folks on either party to kill a deal if they don't like what they hear. some sort of a agreement will be announced tomorrow when the house is back in session and the senate is back in session and they can...
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Dec 31, 2012
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we have a lot of speculation, negotiations between the vice president and mitch mcconnell. i want to see the package before i jump to a conclusion or make a judgment. i think it is only fair and it is fair to my constituents. conceptually both sides need to be willing to compromise. we've shown an ability on the democratic side to do so. the president has shown that ability. he was originally at $250,000 then offered $400,000. the house republicans said no to a million dollars, an increase in taxes for people earning over a million dollars. we need to come back to the middle and get this done. my constituents, people throughout america, want to get this done. there is a very strong appetite to doing that. >> i want to change topics and get your reaction to the hospitalization of secretary hillary clinton. she of course represented new york as senator before becoming secretary of state. are you hearing anything new about her health? >> i've not heard anything new about her health. we do know this. she is as tough as nails. she is strong. she is resilient. i know we wish her
we have a lot of speculation, negotiations between the vice president and mitch mcconnell. i want to see the package before i jump to a conclusion or make a judgment. i think it is only fair and it is fair to my constituents. conceptually both sides need to be willing to compromise. we've shown an ability on the democratic side to do so. the president has shown that ability. he was originally at $250,000 then offered $400,000. the house republicans said no to a million dollars, an increase in...
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Dec 31, 2012
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senate republican leader mitch mcconnell started negotiating with vice president joe biden yesterday. the two worked together in in the senate for more than 20 years. if they can come up with terms that pass the senate house speaker john boehner says they will take up the bill and either pass it or amend it and send it back for approval. >> any time you are putting a deal together, it's always the details that will kill you. you have to get the details done. there is a lot of back room operation going on right now. making sure all the i's get dotted and t's get crossed. >> congress has less than 15 hours to come up with a compromise and sweet on it. live in washington kyla campbell. >>> meantime with all the focus on that fiscal cliff there is a new bill to preconvenient the so-called dairy cliff on the back burner. leaders in the house and senate agricultural committees agreed to a one-year extension of the expiring u.s. farm bill. so far no house vote is scheduled. without matting that bill, the price of milk could double next month. estimates are ha gallon of milk could go up to $8
senate republican leader mitch mcconnell started negotiating with vice president joe biden yesterday. the two worked together in in the senate for more than 20 years. if they can come up with terms that pass the senate house speaker john boehner says they will take up the bill and either pass it or amend it and send it back for approval. >> any time you are putting a deal together, it's always the details that will kill you. you have to get the details done. there is a lot of back room...
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Dec 29, 2012
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but mitch mcconnell made positive sounds yesterday. and i think that led folks to say, hey, maybe there's at least an outside chance of getting a deal. >> if a deal gets done, it will be a much smaller deal than both sides thought they would be able to reach if you asked them a few months ago. the president has a full agenda in the coming year. he said that he wants to do something on immigration. he is indicating that he would like to do something with regard to gun control and there's been talk on energy legislation. but it looks like raising the debt ceiling is not part of the deal. that is four major political fights that the president has on his hands. what is going to get lost the longer this drags on? >> i think most of those things. look, if this drags on into the new year, this is going to be the focus up until the inauguration. and as you mentioned, not only the debt ceiling but also come march, you will have to figure out how to extend government spending for the rest of the fiscal year. and they don't, the government would
but mitch mcconnell made positive sounds yesterday. and i think that led folks to say, hey, maybe there's at least an outside chance of getting a deal. >> if a deal gets done, it will be a much smaller deal than both sides thought they would be able to reach if you asked them a few months ago. the president has a full agenda in the coming year. he said that he wants to do something on immigration. he is indicating that he would like to do something with regard to gun control and there's...
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Dec 29, 2012
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. >> senate leaders harry reid and mitch mcconnell were back at the capitol in no time. mcconnell gathered his members to inform them of the work that needs to be done. >> we had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward, as early as sunday, and have a recommendation, that i can make to my conference and the majority leader can make to his conference, so we'll be working hard to try to see if we can get there in the next 24 hours. so i'm hopeful and optimistic. >> i'm going to do everything that i can. i'm confident senator mcconnell will do the same. but everybody, this is -- whatever we come up with is going to be imperfect and some people aren't going to like it. some people will like it less, but that's where we are. and i feel confident that we have an obligation to do the best we can and that was made very clear in the white house. and we're going to do the best we can for the caucuses that we have and the country that's waiting for us to make a de
. >> senate leaders harry reid and mitch mcconnell were back at the capitol in no time. mcconnell gathered his members to inform them of the work that needs to be done. >> we had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward, as early as sunday, and have a recommendation, that i can make to my conference and the majority leader can make to his conference, so we'll be...
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Dec 31, 2012
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>> mitch mcconnell is chatting with vice president biden. he has been tasked over here to try to find some sort offdeal, some sort of agreement to avoid the fiscal cliff. they have a lot of history together. twenty-three years in the senate together. they have a good working relationship. people call biden the mcconnell whisper around here. they are able to at least talk and get things done. they have been key players in the last negotiation. i have to tell you, dagen, the white house and the vice president office are not telling anything about the talks. harry reid seems to be on the sidelines right now. dagen: the idea of mitch mcconnell in the vice president whispering to one another in each other's ears, just, well, leaves me with no words. [ laughter ] i think i should end it there before i embarrass myself. >> that is okay. the horse whisperer, the mcconnell whisper -- dagen: the dog whisperer on yes, i understand. thank you very much. peter barnes, happy new year. twelve hours to go and no deal inside. david, your reaction to no actio
>> mitch mcconnell is chatting with vice president biden. he has been tasked over here to try to find some sort offdeal, some sort of agreement to avoid the fiscal cliff. they have a lot of history together. twenty-three years in the senate together. they have a good working relationship. people call biden the mcconnell whisper around here. they are able to at least talk and get things done. they have been key players in the last negotiation. i have to tell you, dagen, the white house and...
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Dec 28, 2012
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mitch mcconnell knows he can't pass anything, any tax cut for everyone under $1 million. kimberly, that wouldn't even pass the senate. >> juan: allow me to introduce a little sanity to this forum. >> andrea: yes, juan. >> juan: say it's incredit to believe me he would say they're far apart. they're not far apart. boehner wants $1 trillion to new revenue. closing loopholes or deduction or whatever. obama is $1.2 trillion. that is not far apart. in terms of cut, boehner said one for one. $1 trillion in terms of the spending cuts. obama is 1.3 more on boehner -- let me finish. obama has stimulus spending built in. they are not far apart. [ overtalk ] >> eric: boehner can get $1 million and below -- just dance is because -- listen, you can't blame that on democrats. republicans would not come in -- >> andrea: how dare they do that to a guest. >> disgusted. >> kimberly: welcome to the program. >> we're out of time now. >> kimberly: time for a word from our sponsors. political fall-out. people are saying, blame the democrats and republicans. the democrats are winning the messag
mitch mcconnell knows he can't pass anything, any tax cut for everyone under $1 million. kimberly, that wouldn't even pass the senate. >> juan: allow me to introduce a little sanity to this forum. >> andrea: yes, juan. >> juan: say it's incredit to believe me he would say they're far apart. they're not far apart. boehner wants $1 trillion to new revenue. closing loopholes or deduction or whatever. obama is $1.2 trillion. that is not far apart. in terms of cut, boehner said one...
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he has been since he got that call from mitch mcconnell. obviously, they have made some very good progress. but what's going on right now do you imagine? >> i imagine that they're trying to sell that very good progress to their caucuses. you know, democrats aren't necessarily going to broadly embrace the plan that i understand has come out of their negotiations. for example, it sets the tax threshold at $450,000 as opposed to the kind of $250,000 that i think a lot of democrats, although i heard steve israel earlier offer a different viewpoint, but i think most democrats walking around with that threshold -- >> senator tom harkin learned about it in "the washington post" and he was not happy about that today. >> so that's a good example of the type of call you're talking about. also, the estate tax kind of landed much more on the republican's side of the field than the dem's. >> let me ask you about that because i had chris van hollen on last night, and his view on that was that it was ridiculous, that the idea that people who had huge esta
he has been since he got that call from mitch mcconnell. obviously, they have made some very good progress. but what's going on right now do you imagine? >> i imagine that they're trying to sell that very good progress to their caucuses. you know, democrats aren't necessarily going to broadly embrace the plan that i understand has come out of their negotiations. for example, it sets the tax threshold at $450,000 as opposed to the kind of $250,000 that i think a lot of democrats, although...
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Dec 24, 2012
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senate majority leader harry reid, minority leader mitch mcconnell will have to try to hammer out some sort of a compromise to avoid going over the cliff, but as you pointed out in your introduction, a lot of senators over the weekend expressed concern that, in fact, we will go over the fiscal cliff. of course, if is that happens, the economy could eventually slip back into recession. one interesting point, thomas, though, last time that members of congress worked between christmas and new year's was 1996. that was during the government shutdown. this is really a rare occurrence for members of congress to have to come back and work out legislation that they went able to get done before the christmas holiday. >> the president is supposed to stay there for how long? >> well, of course, the white house not really giving us specifics about the president's travel plans at this point in time. the reality is i think the president is himself trying to figure out what he is going to do, but we do expect that he will cut his vacation short. you've heard the president himself during his press con
senate majority leader harry reid, minority leader mitch mcconnell will have to try to hammer out some sort of a compromise to avoid going over the cliff, but as you pointed out in your introduction, a lot of senators over the weekend expressed concern that, in fact, we will go over the fiscal cliff. of course, if is that happens, the economy could eventually slip back into recession. one interesting point, thomas, though, last time that members of congress worked between christmas and new...
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. >> reporter: biden swooped in at the 11th hour to hammer out a way forward to mitch mcconnell. the agreement would permanently extend bush tax cuts to those making under $400,000 and households making $450,000. raise the estate tax at those valued at more than $5 million and extend unemployment benefits for 2 million people. and automatic spending cuts that go into effect will be postponed for two months and paid for by other spending cuts. the house could take up the deal tomorrow. taxpayers would have felt the impact of the fiscal cliff immediately. if the deal passes, the average american family would avoid a tax increase of more than $3,400. a white house official said this is a compromise, so we don't love it but it's the right thing to do for the economy. back to you. >> and the fiscal cliff isn't the only financial crisis the nation could be facing. the u.s. has hit the debt ceiling. the government hit more than $16 trillion borrowing limit last night. that means the treasury department can only shift assets around for another six to eight weeks or the government can no
. >> reporter: biden swooped in at the 11th hour to hammer out a way forward to mitch mcconnell. the agreement would permanently extend bush tax cuts to those making under $400,000 and households making $450,000. raise the estate tax at those valued at more than $5 million and extend unemployment benefits for 2 million people. and automatic spending cuts that go into effect will be postponed for two months and paid for by other spending cuts. the house could take up the deal tomorrow....
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Jan 1, 2013
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joe biden served in the senate for decades alongside mitch mcconnell. and it was really, i think, that relationship, and sort of his knowing the rhythm of congress. and also, frankly, the deadline that helped kind of push this along. >> brianna keilar in washington, thanks for being with us. we'll talk to you again real soon >> staying in the capital now with jonathan allen. senior congressional correspondent for politico. john, give us some sense of the word from the house this morning. because we're going to spend a lot of time telling all those folks who might have been doing something other than paying attention to what was going on with the fiscal cliff overnight what the details of the plans are. we wasting our breath? is this going to make it through the house? >> the message we're hearing from house republicans now is that one of two things is going to happen. they're either going to attempt to amend this bill and send it back to the senate with something that the house republicans like better. but failing that, and of course they failed to do t
joe biden served in the senate for decades alongside mitch mcconnell. and it was really, i think, that relationship, and sort of his knowing the rhythm of congress. and also, frankly, the deadline that helped kind of push this along. >> brianna keilar in washington, thanks for being with us. we'll talk to you again real soon >> staying in the capital now with jonathan allen. senior congressional correspondent for politico. john, give us some sense of the word from the house this...
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mcconnell. can they make a deal or can they do their jobs or is this just more political drama? >> we want an agreement. >> the count down is midnight. the start of a new year. >> we are going over the cliff because frankly i believe it's what the president wants. >> the american people are waiting for the ball to drop, but it's not going to be a good drop. >> but we have no takers. >> every republican, every democrat ought to be here. >> the phone never raining. >> they should negotiate a plan. they shouldn't have the mine are in plan, they should have the biglan. >> here we are five days from the new year, and we might finally start talking. >> the republicans are sitting there with a nuclear weapon. they have the debt ceiling coming up. they can use that as part of this negotiation. >> what is going on here? >> the president called me and probably called others last night. my impression is he would like to see if we can move forward. >> you can't legislate with yourself. >> the breaking news
mcconnell. can they make a deal or can they do their jobs or is this just more political drama? >> we want an agreement. >> the count down is midnight. the start of a new year. >> we are going over the cliff because frankly i believe it's what the president wants. >> the american people are waiting for the ball to drop, but it's not going to be a good drop. >> but we have no takers. >> every republican, every democrat ought to be here. >> the phone...
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Dec 28, 2012
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this afternoon senate minority leader mitch mcconnell said he wasn't willing to offer the white house a blank check just because we're on the edge of the cliff. take a look. >> last night i told the president we'd be happy to look at whatever he proposes, but the truth is we're coming up against a hard deadline here, and as i said, this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> well, actually it's not a blank check the president has been pushing. and this isn't a partisan statement. look at the numbers in terms of what the public thinks about what the president ran on, which is to raise taxes for people who make over $250,000 a year. 47% of the country basically agrees with that, which is what he said. only 13% raise taxes for everybody. they are the real conservatives and fiscally hawkish i would say. and 35% say no tax increase. so americans tend to agree with the president. when you go back to this campaign, there are very
this afternoon senate minority leader mitch mcconnell said he wasn't willing to offer the white house a blank check just because we're on the edge of the cliff. take a look. >> last night i told the president we'd be happy to look at whatever he proposes, but the truth is we're coming up against a hard deadline here, and as i said, this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just...
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mitch mcconnell and harry reid have a pretty good personal relationship. they each will privately tell you that they're friends, they actually like each other, and they're both here in washington having some pretty serious discussions about what they can have that passes the senate. can that actually pass the house in time for the deadline is another question. you're going to have lawmakers coming back late sunday night. they have a lot of other things they actually have to tend to. so what ends up happening? is it very possible right now it seems the calculus for a lot of these members is to let the tax cuts expire and then come back and do some sort of patch. >> you think that's our best case scenario? do you agree with that, david, the scenario? we go off the cliff. someone suggested this morning we go off the cliff just a little bit. we don't bungy jump off the cliff. we fall a few feet. then they fix it after a few days and say we have put in tax cuts. is that the most likely scenario you see? >> there's a lot of people on both sides that have talked
mitch mcconnell and harry reid have a pretty good personal relationship. they each will privately tell you that they're friends, they actually like each other, and they're both here in washington having some pretty serious discussions about what they can have that passes the senate. can that actually pass the house in time for the deadline is another question. you're going to have lawmakers coming back late sunday night. they have a lot of other things they actually have to tend to. so what...
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Jan 1, 2013
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. >> reporter: biden swooped in at the 11th hour to hammer out a way forward to mitch mcconnell. their agreement would permanently extend the bush tax cuts for individuals making under $400,000 and households under $450,000. raise the estate tax for those valued at more than $5 million. and extend unemployment benefits for one year for some 2 million people. and those automatic spending cuts that would go into effect in the new year, they'll be postponed for two months. and paid for by other spending cuts. the house could take up the deal tomorrow. taxpayers would have felt the impact immediately. if the deal passes, the average american family will avoid a tax increase of more than $3,400. a white house official said this is a compromise, so we don't love it but it's the right thing to do for the economy. >> like i said, they still have to approve it. but most insiders believe that republicans will approve this overwhelmingly. >> it's hard for me to wrap my mind around the idea it's going to get to the house and be approved. am i just been cynical? >> yes, i think you are. >> i
. >> reporter: biden swooped in at the 11th hour to hammer out a way forward to mitch mcconnell. their agreement would permanently extend the bush tax cuts for individuals making under $400,000 and households under $450,000. raise the estate tax for those valued at more than $5 million. and extend unemployment benefits for one year for some 2 million people. and those automatic spending cuts that would go into effect in the new year, they'll be postponed for two months. and paid for by...
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Dec 31, 2012
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. >> reporter: that prompted mitch mcconnell to call for a lifeline. >> i also placed a call to the vice president to see if he could help jump-start the negotiations on his side. i want everyone to know i'm willing to get this done. but i need a dance partner. >> reporter: and with that, vice president biden has now emerged as a key player, playing a direct role in the effort to strike a last-minute deal. the key sticking points remain the same. the white house wants taxes to go up on those making over $250,000 a year. republicans want a higher income threshold. they want to keep the estate tax from going up. there's still no agreement on what to do about those automatic spending cuts set to go into effect on january 2nd. both sides have said the cost of failure is extremely high. >> if we're not able to reach an agreement, it will be dire. probably at least another million jobs lost, an unemployment rate over 9% and putting us back into recession. >> reporter: vice president biden and mitch mcconnell had several conversations deep into the night. and will continue those conversations t
. >> reporter: that prompted mitch mcconnell to call for a lifeline. >> i also placed a call to the vice president to see if he could help jump-start the negotiations on his side. i want everyone to know i'm willing to get this done. but i need a dance partner. >> reporter: and with that, vice president biden has now emerged as a key player, playing a direct role in the effort to strike a last-minute deal. the key sticking points remain the same. the white house wants taxes to...
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mcconnell. prior to the vote, the vice president said he felt confident about the deal but stayed away from making any predictions. >> having been in the senate along as i have, there are two things you shouldn't do. you shouldn't predict how the senate will vote before they vote. you won't make a lot of money. and number two, you surely shouldn't predict how the house is going to vote. >> reporter: if passed by the house, it would stop many of the spending cuts. >> middle class families will wake up today to at assurance that their taxes won't go up. >> reporter: democratic senator tom harkin suggested the legislation missed the mark. >> it does not address the number one priority creating good philadelphiale class jobs now. secondly, this proposal does not generate the revenue necessary for the country to meet its needs. >> reporter: republican senate minority leader mitch mcconnell said neither side got everything it wanted. >> it took an imperfect solution to prevent our constituents from i
mcconnell. prior to the vote, the vice president said he felt confident about the deal but stayed away from making any predictions. >> having been in the senate along as i have, there are two things you shouldn't do. you shouldn't predict how the senate will vote before they vote. you won't make a lot of money. and number two, you surely shouldn't predict how the house is going to vote. >> reporter: if passed by the house, it would stop many of the spending cuts. >> middle...
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he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors st hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> reporter: the president declared himself modestly optimistic congress could still reach an agreement to head off huge tax hikes on january first, but he also warned lawmakers to get their work done. >> the american people are not going to have patience with a self-inflicted wound on the economy. >> reporter: senate republican leader mitch mcconnell called the white house meeting a good one and he told his fellow republicans he hoped to have a fiscal cliff recommendation soon. >> we will be working hard to see if we can get the
he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors st hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with...
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continuing, are though, between the vice president and mitch mcconnell. in a rare sunday night session -- i think the enormity of the issue is very clear. >> u.s. senators gathered to solve a self-imposed crisis. their plan to carve out a compromise dissolved. >> there is no simple issue that impossible sticking point. we are willing to make difficult concessions. >> come january 1, tax hikes and budget cuts go into effect. >> regardless of differences, top priority has to be to e that taxes on middle- families do not go up. >> the plan before the senate tax -- would eight prevent a tax increase. clear differences remain. seene odds are we have not the leadership on either side of e to solve this problem. is a contraction economy. loss of jobs which could be well in addition to the people already on unemployment. >> the senate reconvenes 11:00 on monday. the president's heerview earlier today, the issue of guns. the president said the day of newtown shooting was the t of his presidency. onlyam skeptical that the is putting more guns in schools. the vast m
continuing, are though, between the vice president and mitch mcconnell. in a rare sunday night session -- i think the enormity of the issue is very clear. >> u.s. senators gathered to solve a self-imposed crisis. their plan to carve out a compromise dissolved. >> there is no simple issue that impossible sticking point. we are willing to make difficult concessions. >> come january 1, tax hikes and budget cuts go into effect. >> regardless of differences, top priority has...